Bonds are even worse. No utility value whatsoever
Discussion
Bonds and money should go to
0. That’s $447T of monetary premium that Bitcoin will eat, or ~$21.3M per coin of marketcap. A couple hundred trillion more from the other buckets too.
Most people, even most Bitcoiners, are not running this numbers. It’s very simple math.
That's measuring in current dollars as well. If the big print kicks off the monetary base could double in a short period of time.
It'll be like watching one of those game shows where someone is in a wind tunnel full of dollars.
From what I understand, around half of all US bonds are being held by hedge funds in the Cayman Islands to be used in extremely high leverage basis trades. To my mind thats worse than no utility
